45 6 $2,560,000 HIGHEST HOUSE SALE PRICE HOUSE SOLD $1,350,000 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White MARKET INSIGHTS 1ST MARCH - 30TH APRIL 2024 SUMMARY Sold OVERALL PERFORMANCE- INSIGHTS FOR THE LAST 8 WEEKS ONLY CURRUMBIN VALLEY - INSIGHTS FOR THE LAST 8 WEEKS ONLY 26 RAY WHITE TUGUN ELANORA AVERAGE DAYS ON MARKET 52% OUR CLOSEST COMPETITORS AUCTION CLEARANCE RATE 89% RAY WHITE TUGUN ELANORA AUCTION CLEARANCE RATE 3 $1,650,000 HIGHEST HOUSE SALE PRICE HOUSE SOLD $1,625,000 MEDIAN HOUSE SALE PRICE Sold TALLEBUDGERA VALLEY - INSIGHTS FOR THE LAST 8 WEEKS ONLY 8 $4,750,000 HIGHEST HOUSE SALE PRICE HOUSE SOLD $2,502,000 MEDIAN HOUSE SALE PRICE Sold TALLEBUDGERA - INSIGHTS FOR THE LAST 8 WEEKS ONLY
TALLEBUDGERA VALLEY
TALLEBUDGERA
SALES 1ST MARCH - 30TH APRIL 2024 SOLD A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E 26 Wattlebird Court 21 Village Way Currumbin Valley Currumbin Valley 4b 2b 2c $1,500,000Apr 24 1263 Currumbin Creek Road 1078 Currumbin Creek Road Currumbin Valley Currumbin Valley$1,350,000 Apr 24 Apr 24 2b 2b 2c 8b 4b 5c 3b 1b 2c 131/639 Currumbin Creek Road 322 Piggabeen Road Currumbin Valley Currumbin Valley 4b 2b 2c $1,625,000 $2,560,000 Apr 24 Apr 24 5b 3b 5c Apr 24
VALLEY A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E
RECENT
CURRUMBIN
58 Monday Drive 19 Tuesday Drive Tallebudgera Valley Tallebudgera Valley 4b 2b 5c $1,600,000Apr 24 21-25 Thursday Drive Tallebudgera Valley $1,650,000 Apr 24 4b 2b 2c 3b 1b 4c Apr 24 A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E
19 Trees Road 15 Mary Bale Drive Tallebudgera Tallebudgera 3b 3b 3c $1,550,000 $3,500,000 Apr 24 272B Trees Road 20 Jamberoo Court Tallebudgera Tallebudgera $1,680,000 $1,000,000 Apr 24 Mar 24 5b 3b 5c 4b 4b 2c 6b 3b 4c Apr 24 8 Hidden Cove 567 Trees Road Tallebudgera Tallebudgera 4b 2b 2c $1,400,000 $3,325,000 Mar 24 17 Maybree Close 408 Trees Road Tallebudgera Tallebudgera $4,750,000 $1,560,000 Mar 24 Mar 24 4b 3b 2c 5b 4b 3c 5b 2b 2c Mar 24
NATIONAL MARKET WRAP
FROM THE DESK OF THE RAY WHITE ECONOMICS TEAM
Price growth continued again in April with Perth and regional Western Australia seeing the strongest price growth in the country Over the month, Sydney units were the only market where we saw a slight decline in prices Year-on-year we are seeing prices increase in every suburb of the country
The growth in pricing continues despite interest rates remaining high Inflation data released last week suggests interest rates are likely to remain higher for longer Whereas on the morning of April 24, markets were pricing in a cut for October 2024, by April 25, this timing had changed to April 2025 Looking at data at this exact point in time suggests no cut in 2024 We will have a better idea as to the impact on pricing of this change in the interest outlook in May.
Regardless, many of the drivers of house price growth continue Population growth is moderating, however, we built around 50,000 too few homes last year and it will take some time to catch up Construction costs remain elevated and we are off to a poor start to achieving what was set out in the Housing Accord of 1 2 million homes to be built over five years While it remains cheaper to buy an established home than build a new one, it means that price growth will continue
INSIGHTS
INSIGHTS
AUCTION INSIGHTS
Clearance rates have shown improved strength in 2024 Limited listings and ongoing need for housing stock has translated into good success at auction Results for March 2024 sit at 72 1%, slightly behind 2022 results of 73%, albeit well ahead of last year ’ s results With limited listing numbers and expectations of interest rate reductions, we expect to see greater urgency enter the market, keeping clearance rates elevated this year
FOR MORE PROPERTY MARKET INSIGHTS SCAN THE QR CODE TO READ THE LATEST EDITION OF THE RAY WHITE NOW REPORT
SOLD
WELCOME HOME
Just Sold by Ken Jacob
26 Wattlebird Court, Currumbin Valley
SOLD $1,500,000 Private Treaty
7 Natures Close, Currumbin Valley
SOLD $1,147,283
Private Treaty
4 Kaira Lane, Currumbin Valley
SOLD $1,335,000 Private Treaty
15 Swanson Place, Neranwood
SOLD $1,725,000
Private Treaty
SCAN THIS QR CODE FOR AN OBLIGATION FREE PROPERTY APPRAISAL CURIOUS TO KNOW HOW THESE RESULTS EFFECT THE VALUE OF YOUR HOME?
ELITE AGENT, ELITE EXPERIENCE
Ken has experienced great success in his extensive 40 years Sales and marketing career and has been awarded the prestigious Ray White ELITE AWARD for number of sales achieved for the past 7 years running - placing Ken in the top 2% of Ray White agents internationally
This achievement is made even more exceptional due to Ken specialising in Tallebudgera Valley and Currumbin Valley, and the limited and exclusive number of sales, compared to Metro areas. His passion for helping people is sincere and renowned as he possesses a work ethic rarely seen in real estate – this is reflected in the high volume of testimonials from his many satisfied customers and the many referrals he receives
0413 865 323 ken.jacob@raywhite.com ken jacob valley life
T U G U N O F F I C E
423 GOLDEN FOUR DR TUGUN QLD 4224
PH: (07) 5598 2577
E L A N O R A O F F I C E
19TH AVE SHOPPING PLAZA
ELANORA QLD 4221
PH: (07) 5576 1011
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